A draw bench for precision forming and strengthening of carbon steel tubing has a cost of $1,020,000. It will have a salvage value o 588,000 after a useful life of 10 years. Part a Using the formulas, determine the depreciation charge for year 3 and the book value at the end of year 3 if straight-line depreciation is used. Depreciation charge: Book value: $ $ Carry all interim calculations to 5 decimal places and then round your final answers to a whole number. The tolerance is ±1.
A draw bench for precision forming and strengthening of carbon steel tubing has a cost of $1,020,000. It will have a salvage value o 588,000 after a useful life of 10 years. Part a Using the formulas, determine the depreciation charge for year 3 and the book value at the end of year 3 if straight-line depreciation is used. Depreciation charge: Book value: $ $ Carry all interim calculations to 5 decimal places and then round your final answers to a whole number. The tolerance is ±1.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:A draw bench for precision forming and strengthening of carbon steel tubing has a cost of $1,020,000. It will have a salvage value of
$88,000 after a useful life of 10 years.
Part a
Using the formulas, determine the depreciation charge for year 3 and the book value at the end of year 3 if straight-line
depreciation is used.
Depreciation
charge:
Book value:
$
$
Carry all interim calculations to 5 decimal places and then round your final answers to a whole number. The tolerance is ±1.
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